BEIJING/STOCKHOLM (Reuters) - China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand ...

Polestar, a portfolio company of Geely Automobile Holdings (SEHK:175), faces a prohibition on new vehicle sales in the US ...

Geely has scrapped plans to merge its business with Volvo and will now focus its global ambitions on a joint venture with the Swedish carmaker on connected cars. China's largest independent automaker ...

Volvo Cars has announced a strategic move in its direction to become a fully electric manufacturer by 2030. The Swedish marque that is owned by Geely Holding has divested its 33-percent stake in ...

Geely may not be a familiar name in the UK, but the Chinese car maker owns Volvo. It has now introduced two models under its ...

[Stay on top of transportation news: Get TTNews in your inbox.] Shares of truck maker Volvo AB dropped as much as 5.9% in Stockholm on April 19 on news that China’s Zhejiang Geely Holding Group had ...

Geely appears open to the idea of increasing its stake in Volvo Group (which is a separate entity from the Volvo Cars division) but claims it doesn’t have any current plans to make changes. While ...

The price of Volvo Cars shares fell as much as 14 percent on Friday, causing it to reach record lows. However, the drop was prompted by a sale from the automaker’s owner, Geely, which says this is all ...

Volvo Cars is gearing up for an electric blitz to convert all its mainstay models -- three crossovers and two sedans -- into battery-electric vehicles and to introduce a luxury electric van aimed at ...